# Clean Fuels, soy growers urge Congress to extend biodiesel tax credit

> Clean Fuels Alliance America and 10 national and state associations asked Congress for a one-year extension of the 40A biodiesel blenders tax credit. They cite insufficient Treasury guidance on the new 45Z clean fuel production credit, which starts in less than 60 days. Many producers have not received the registration letters needed to claim the credit.

- Date: 2024-11-14 · published 2024-11-14T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15172-clean-fuels-soy-growers-urge-congress-to-extend-biodiesel-tax-credit
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Continued uncertainty over the credit threatens biodiesel margins and feedstock purchases, which is bearish for soyoil demand and soybean prices.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-05-09 | [Congress urged to extend biodiesel blenders’ tax credit - Biofuels International Magazine](https://feedsoft.ai/events/70874-congress-urged-to-extend-biodiesel-blenders-tax-credit-biofuels-international.md) | +0.9% | -4.1% |
| SBO | 2024-10-29 | [Soybean Demand Drops as US Biofuel Tax Credit Stalls - TT](https://feedsoft.ai/events/15173-soybean-demand-drops-as-us-biofuel-tax-credit-stalls-tt.md) | +5.8% | -2.0% |
| SBO | 2025-03-18 | [National Biodiesel Day: Action Needed to Boost Clean Fuels](https://feedsoft.ai/events/15137-national-biodiesel-day-action-needed-to-boost-clean-fuels.md) | +0.3% | +9.0% |
| SBO | 2019-08-05 | [Soy Growers to EPA: Raise 2020 RFS and 2021 Biodiesel Volumes - American Soybean Association](https://feedsoft.ai/events/57449-soy-growers-to-epa-raise-2020-rfs-and-2021-biodiesel-volumes-american-soybean.md) | +4.7% | +1.6% |
| SBO | 2017-11-16 | [Issue Update: Biodiesel Tax Credit, RFS and Trade Case - American Soybean Association](https://feedsoft.ai/events/67845-issue-update-biodiesel-tax-credit-rfs-and-trade-case-american-soybean.md) | -2.0% | -5.0% |
| SOY | 2024-10-29 | [Soybean Demand Drops as US Biofuel Tax Credit Stalls - TT](https://feedsoft.ai/events/15173-soybean-demand-drops-as-us-biofuel-tax-credit-stalls-tt.md) | +1.4% | +1.2% |
| SOY | 2019-08-05 | [Soy Growers to EPA: Raise 2020 RFS and 2021 Biodiesel Volumes - American Soybean Association](https://feedsoft.ai/events/57449-soy-growers-to-epa-raise-2020-rfs-and-2021-biodiesel-volumes-american-soybean.md) | +2.8% | +0.8% |
| SOY | 2017-09-27 | [EPA signals cut to U.S. biodiesel blending; soyoil prices drop - Governors' Biofuels Coalition](https://feedsoft.ai/events/69027-epa-signals-cut-to-u-s-biodiesel-blending-soyoil-prices-drop-governors-biofuels.md) | -0.9% | +1.2% |

## Sources

- biobased-diesel.com: https://www.biobased-diesel.com/post/clean-fuels-soy-growers-urge-congress-to-extend-biodiesel-tax-credit

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.